Wei Jianguo, former vice-minister of commerce. [Photo provided to China Daily]

Data show China's imports from economies related to the initiative grew faster than exports in the first quarter.

In the first three months of this year, trade in goods between China and the Belt and Road economies amounted to 1.65 trillion yuan ($239.8 billion), up 26 percent from a year earlier, according to the Ministry of Commerce.

Specifically, imports surged by 42.9 percent year-on-year to 717.7 billion yuan, taking up a quarter of the country's total imports, while exports increased by 15.8 percent year-on-year.

In addition to tighter trade ties, cross-border investment will see a similar uptrend, Wei said.

Wei said an increasing number of Chinese State-owned and private companies will invest in the economies related to the initiative this year, especially after the Belt and Road Forum for International Cooperation.

"They should diversify their investment portfolios, and lay more emphasis on cultural products, which will help nurture China's soft power," he said.

Though the initiative has been maintaining a good momentum, Chinese companies are often exposed to greater unexpected obstacles when expanding overseas, Wei said.

Homegrown companies, especially those run privately, are in need of accurate, substantial information about potential investment destinations, their preferential policies and investment process, Wei said.

In addition, risks in host countries, such as changing local policies and fluctuations in foreign currency exchange rates, play a decisive role in investors' sustainable development and profitability, Feng Guanghua, chairman of China Bond Rating Co Ltd, said at a news conference.

To facilitate Chinese companies' efforts to go global, Wei said the CCIEE is intensifying efforts to create a large database that can collect and update information on companies' needs and conditions in destinations.

"With such shared data, it's easier for enterprises to make prudent investment decisions through analyses of project risks and local preferential policies," Wei said.

The database, accessible through a website open to public, will go online this month, after the forum, according to Wei.